Clause 6

by deleting the definition of “practice monitoring programme” and substituting the following definitions:“ “Oversight Committee’s professional standards assessment framework” means the assessment framework of the Oversight Committee to determine the extent of a public accountant’s compliance with the professional standards;“practice monitoring programme” means a programme to determine whether a public accountant has complied with the professional standards when providing public accountancy services;”; and

by deleting the definitions of “practice review” and “reviewer” and substituting the following definitions:“ “practice review” means a study, an appraisal, or a review carried out under a practice monitoring programme in respect of one or more aspects of the public accountancy services that are provided by a public accountant;“practice reviewer” means any individual who is appointed by the Oversight Committee under section 35 to carry out a practice review;“professional standards”, in relation to the provision of public accountancy services, means the standards, methods, procedures and other requirements that are prescribed by the Authority or Oversight Committee to be applied by a public accountant, an accounting corporation, an accounting firm and an accounting LLP when providing public accountancy services.”.